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Court Ordered To Review BP Payout Formula

The oil giant has won a partial victory after a U.S. appeals court halted some payments related to the 2010 oil spill in the Gulf of Mexico. It is a key win for BP which had complained that the payout formula was too generous, and compensated people that were not harmed. Billions of dollars in claims were filed by businesses and individuals in the aftermath of the Deepwater Horizon spill.